By Malini Hariharan China’s status as factory for the world is under threat as rising costs of operating are startingto bite. Estimates of wage cost hike this year range from 10% to 20%. And if higher prices of raw material such as cotton and plastics plus the appreciation of the yuan are factoried in, then […]
Asian Chemical Connections
China’s rising labour costs – a blessing in disguise?
By Malini Hariharan With so much happening in petrochemical markets the blog has not had time to comment on the ongoing turmoil in China’s labour market. But we had noted a few months back that factories in southern China were experiencing labour shortages and preparing to pay more as minimum wages in Guangdong province had […]
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